Philanthropy & Grantmaking
(T12)
IRS Verified
DX Registered
990 on File
WEST PALM BEACH LIBRARY FOUNDATION INC
Financial strength (30%)
81/100
Reliability (20%)
55/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$720K
Total Revenue
$883K
Total Expenses
$6.2M
Net Assets
7
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
76.0%
Fundraising Efficiency
54.2%
Operating Reserve
84.88x
Liability-to-Asset
3.4%
Revenue Diversification
87.1%
Executive Compensation
$215K
Compared with Peers
FY 2024
Compared with 16,645 similar organizations
(United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.0% | 90.2% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.8% | 7.9% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
54.2% | 7.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
84.9 mo | 95.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
87.1% | 90.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
2.5% | 18.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
3.7% | 6.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-22.7% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $720K | $883K | $6.2M | 76.0% | 7 |
| 2023 | $702K | $851K | $5.3M | 56.5% | 7 |
| 2022 | $633K | $1.0M | $4.8M | 57.1% | 4 |
| 2021 | $833K | $793K | N/A | — | 5 |
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